Finance Act 2021 Amendments Prospective: ITAT Upholds Depreciation on Goodwill in Amalgamation Cases

Page ContentsNirma Limited Vs DCIT (ITAT Ahmedabad)1. Sales Tax Subsidy – Capital vs. Revenue ReceiptMAT (Book Profit) Aspect2. Depreciation on Intangible Assets3. Product Registration Expenses4. Deduction under Section 80IA for Captive Power Units5. Corporate Guarantee Commission6. Depreciation on Goodwill from AmalgamationConclusion Nirma Limited Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT) Ahmedabad recently decided multiple appeals in the case of Nirma Limited vs. Deputy Commissioner of Income Tax (DCIT), covering assessment years 2015–16 and 2016–17. The dispute...